Claiming exemption u/s 54ec
This query is : Resolved
16 July 2013
THE ASSESSEE SOLD AN HOUSE PROPERTY(LONG TERM) ON 05-12-2012 FOR RS.500000.00.NOW HE WANTS TO CLAIM EXEMPTION U/S 54EC.IF HE PURCHASED A BOND ON 20-07-2013,THEN WHETHER HE IS ELIGIBLE FOR CLAIMING EXEMPTION U/S 54EC.IF YES,GIVE A SUITABLE ANSWER WITH REASONS.
EMAIL-ID-vishalmodi89@yahoo.com
EMAIL-ID-vishalmodi89@yahoo.com
16 July 2013
Yes. he is eligible to get exemption under 54EC if he deposit the amount of capital gain in capital gain account scheme/purchase of bonds with in duedate of filing of return
25 August 2013
Yes the date mentioned by you is before the due date of filing of the return hence jhe is eligible to claim the benefits
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Gift of mutual fund units to daughter
- PPF interest-As Exempt Income disclosure
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Building tax payment deduction in rental Income
- Pass word to open justification report for Q1 for FY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
